Advanced Oil & Gas Accounting: International Petroleum Accounting (2) (Astana)

HRODC Postgraduate Training Institute
En Central London (Inglaterra), Abu Dhabi, United Arab Emirates (Emiratos Árabes Unidos), Abuja, Nigeria (Nigeria) y 47 sedes más


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Limited Objectives: By the conclusion of the specified learning and development activities, delegates will be able to: Determine to what entity is SFAS 143 applicable. Identify the results of legally enforceable obligations. Site examples of AROs where the company is normally legally obligated. Know what should be considered in identifying obligating events that require recognition of an asset retirement obligation. Determine the effect of initial recognition of asset retirement obligation liability.
Suitable for: This course/seminar is specifically designed for: Finance Directors and Managers, Financial Controllers, Chief Accountants, Treasury Officers, Asset Accountants, Joint Venture Accountants, Management Accountants, Internal and External Auditors, Government Regulators, Financial Analysts, Public Accountants

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Requisitos: Degree or Work Experience

Instalaciones y fechas

Dónde se imparte y en qué fechas

Inicio Ubicación
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Abu Dhabi, United Arab Emirates
Khalifa Street, 44486, Abu Dhabi, Emiratos Árabes Unidos
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Abuja, Nigeria
Cadastral Zone A0, Central Business District, Abuja, 7069, Nigeria, Nigeria
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Addis Ababa, Ethiopia
Kirkos Subcity Kebele, 21555, Ethiopia, Etiopía
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Algiers, Algeria
Pins Maritimes, 16000, Algeria, Argelia
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Algiers, Algeria
Rue Hassiba Benbouali, 16015, Algeria, Argelia
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Amman, Jordan
Bin Ali Street, 11118, Jordan, Jordania
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¿Qué aprendes en este curso?

Oil and Gas
Accounting MBA
Financial Training
Natural Gas
Sales Training


Course Contents, Concepts and Issues:

Accounting For Asset Retirement Obligations and Asset Impairment

  • Accounting For Asset Retirement Obligations
  • Scope of SFAS No. 143
  • Legally Enforceable Obligations
  • Obligating Event
  • Asset Recognition
  • Initial Measurement – Fair Value
  • Traditional Approach
  • Expected Cash Flow Approach
  • Credit-Adjusted Risk-Free Rate
  • Market Risk Premiums
  • Subsequent Recognition and Measurement
  • Changes Due to the Passage of Time
  • Interest Method of Allocation
  • Funding and Assurance Provisions
  • Gain or Loss Recognition Upon Settlement
  • Changes Due to the Revisions in Estimates
  • Reassessment
  • Funding and Assurance Provision
  • Conditional AROs
  • Reporting and Disclosures
  • Accounting for the Impairment and Disposal of Long-Lived Assets
  • Scope
  • Asset Groups
  • Long-Lived Assets to be Held and Used
  • Indications of Impairment
  • Testing For Recoverability
  • Measuring Impairment
  • Long-Lived Assets to Be Disposed of:
  • Long-Lived Assets to Be Disposed of Other than by Sale
  • Long-Lived Assets to Be Disposed of By Sale
  • Disposal Groups
  • Impairment for Full Cost Companies
  • Problems and Exercises Associated With Accounting for Asset Retirement Obligations and Asset Impairment

Accounting For Revenue from Oil and Gas Sales

  • Definitions
  • API Gravity
  • BS & W
  • Btu
  • Casing Head Gas
  • Casing Head Gas
  • City Gate
  • Commingled Gas
  • Dissolved Gas
  • Field Facility
  • Gas Balancing Agreement
  • Gas Settlement Statement
  • Gauging
  • Heater-Treater
  • LACT Unit
  • Local Distribution Company (LDC).
  • Mcf
  • Natural Gas
  • Non-Associated Gas
  • Tapping
  • Thief
  • Tank Strapping
  • Separator
  • Measurements and Sale of Oil and Natural Gas
  • Crude Oil Measurement
  • Run Ticket Calculation
  • Crude Oil Sales
  • Natural Gas Measurement
  • Natural Gas Sales
  • Standard Division Order
  • Determination of Revenue
  • Utilizations
  • Oil and Gas Revenue
  • Recording Oil Revenue
  • Crude Oil Exchanges
  • Recording Gas Revenue
  • Vented or Flared Gas
  • Non-Processed Natural Gas
  • Natural Gas Processing
  • Stored Natural Gas
  • Take-Or-Pay Provisions
  • Timing of Revenue Recognition
  • Revenue from Crude Oil
  • Revenue from Natural Gas
  • Revenue Reporting To Interest Owners
  • Additional Topics
  • Gas Imbalances
  • Producer Gas Imbalances
  • Pipeline Gas Imbalances
  • Allocation of Oil and Gas
  • Minimum Royalty – Advance Revenue to Royalty Owners
  • Addressing Problems and Issues Associated with Accounting for Revenue from Oil and Gas Sales

Basic Oil and Gas Tax Accounting

  • Lessee’s Transactions
  • Non-Drilling Costs
  • Acquisitions Costs
  • Drilling Operations
  • Equipment Costs
  • Production Operations
  • Losses From Unproductive
  • Percentage Depletion
  • Property
  • Recapture of IDC and Depletion
  • Lessor’s Transactions
  • Acquisition Costs
  • Revenue
  • Addressing Problems and Issues Associated With Basic Oil and Gas Tax Accounting

Joint Interest Accounting

  • Joint Operations
  • Joint Venture Contracts
  • The Joint Operating Agreement
  • The Accounting Procedure
  • General Provisions: Accounting Procedure - Definitions
  • Affiliate
  • Agreement
  • Controllable Material
  • Equalized Freight
  • Excluded Amount
  • Field Office
  • First Level Supervision
  • Joint Account
  • Joint Operations
  • Joint Property
  • Laws
  • Material
  • Non-Operators
  • Offshore Facilities
  • Off-Site
  • On-Site
  • Operator
  • Parties
  • Participating Interest
  • Participating Party
  • Personal Expenses
  • Railway Receiving Point
  • Shore Base Facility
  • Supply Store
  • Technical Services
  • Statements and Billings
  • Advances and Payments by Parties
  • Adjustments
  • Expenditure Audits
  • Approval by Parties
  • General Matters
  • Amendments
  • Affiliates
  • Direct Charges
  • Rentals and Royalties
  • Labour
  • Material
  • Transportation
  • Services
  • Equipment and Facilities Furnished by Operator
  • Affiliates
  • Damages and Losses to Joint Property
  • Legal Expense
  • Taxes and Permits
  • Insurance
  • Communications
  • Ecological, Environmental, and Safety
  • Abandonment and Reclamation
  • Other Expenditures
  • Overhead
  • Overhead – Drilling and Producing Operations
  • Technical Services
  • Overhead – Fixed Rate Basis
  • Overhead – Percentage Basis
  • Overhead – Major Constructions and Catastrophe
  • Amendment of Overhead Rates
  • Material Purchases, Transfers, and Dispositions
  • Direct Purchases
  • Transfers
  • Pricing
  • Freight
  • Taxes
  • Condition
  • Other Pricing Provisions
  • Dispositions and Surplus
  • Special Pricing Provisions
  • Premium Pricing
  • Shop-Made Items
  • Mill Rejects
  • Inventories of Controllable Material
  • Directed Inventories
  • Non-Directed Inventories
  • Operator Inventories
  • Non-Operator Inventories
  • Special Inventories
  • General Provisions
  • Definitions
  • Statements and Billings
  • Advances and Payments by the Parties
  • Adjustments


Joint Interest Accounting

  • Direct Charges
  • Account
  • Direct Costs
  • Rentals and Royalties
  • Labor, Materials and Supplies
  • Transportation
  • Services
  • Exclusively Owned Equipment and Facilities of The Operator
  • Affiliates
  • Damages and Losses
  • Legal Expenses
  • Taxes, Licenses, Permits, Etc
  • Insurance
  • Communications
  • Ecological and Environmental Costs
  • Abandonment and Reclamation
  • Offices, Camps, and Miscellaneous Facilities
  • Other Costs
  • Pricing of Joint Account Material Purchases, Transfers, and Dispositions
  • Inventories
  • Joint Interest Accounting
  • Booking Charges to the Joint Account: Accumulation of Joint Costs in Operator’s Regular Account
  • Booking Charges to the Joint Account: Distribution of Joint Costs as Incurred
  • Non-Consent Operations
  • Accounting  for Materials
  • Offshore Operations
  • Joint Interest Audits
  • Problems
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